Stockholders’ Equity and EPS

Accumulated Other Comprehensive Income

The following table summarizes the items reclassified out of accumulated other comprehensive income into the Consolidated Statements of Income (unaudited) for the three months ended March 31, 2015 and 2014:



		Three months ended March 31,
(Dollars in thousands)	Income Statement Location	2015			2014
Reclassification adjustment for gains included in net income	Gains on investment securities, net	$	(2,596	)	$	(60	)
Related tax expense	Income tax expense	1,048			24
Total reclassification adjustment for gains included in net income, net of tax		$	(1,548	)	$	(36	)

EPS

Basic EPS is the amount of earnings available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares include incremental shares issued for stock options and restricted stock units outstanding under our equity incentive plans and our ESPP. Potentially dilutive common shares are excluded from the computation of dilutive EPS in periods in which the effect would be antidilutive. The following is a reconciliation of basic EPS to diluted EPS for the three months ended March 31, 2015 and 2014:



	Three months ended March 31,
(Dollars and shares in thousands, except per share amounts)	2015		2014
Numerator:
Net income available to common stockholders (1)	$	88,516	$	90,950
Denominator:
Weighted average common shares outstanding-basic	51,009		45,866
Weighted average effect of dilutive securities:
Stock options and ESPP	445		566
Restricted stock units	265		293
Denominator for diluted calculation	51,719		46,725
Earnings per common share:
Basic (1)	$	1.74	$	1.98
Diluted	$	1.71	$	1.95


(1)	Results for the quarter ended March 31, 2014 were restated to reflect the retrospective application of adopting new accounting guidance in 2015 related to our investments in qualified affordable housing projects (ASU 2014-01). See Note 1 of the Notes to Consolidated Financial Statements for additional information.

The following table summarizes the weighted-average common shares excluded from the diluted EPS calculation as they were deemed to be antidilutive for the three months ended March 31, 2015 and 2014:



	Three months ended March 31,
(Shares in thousands)	2015	2014
Stock options	241	6
Restricted stock units	2	1
Total	243	7